Question
The Scotts are saving up to go on a family vacation in 2 years. They invest $2900 into an account with an annual interest rate
The Scotts are saving up to go on a family vacation in 2 years. They invest $2900 into an account with an annual interest rate of 1.19% compounded daily. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. Assume there are 365 days in each year. Assuming no withdrawals are made, how much money is in the Scotts' account after 2 years? How much interest is earned on the Scotts' investment after 2years?
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
